China Auto Parts (Luzhou) Industrial Base Project Signed Successful Contract

On May 29, 2013, the China Auto Parts (Luzhou) Industrial Base project was signed in Beijing. The total investment in the project located in Zhanggong District is 10 billion yuan, and the annual turnover after completion of all operations is approximately 20 billion yuan. This is a major progress in advancing the revitalization and development of the Minnan-Su region and cooperation with the central SOEs. It is of great significance for realizing the strategic positioning of the National Advanced Manufacturing Base set out in the “Several Opinions” of the State Council.

It is understood that China's auto parts (Quzhou) industrial base is divided into three types of industrial production base projects, market projects and comprehensive supporting projects, which are planned to be completed in batches within five years. After the completion of the project, the city will form a characteristic industrial cluster in which the automobile and key components testing, R&D and production, automotive and parts markets, headquarters economy, financial services and other sectors will be linked together.

China Auto Parts Industry Corporation is a wholly-owned subsidiary of China National Machinery Industry Group Co., Ltd., one of the world’s top 500 companies. It is a comprehensive service-oriented key enterprise in the auto parts integration service in China and has auto parts trading, manufacturing, testing, research and development, and industry. Seven service platforms such as service, industrial base and investment have formed a comprehensive service system for auto parts.

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